JOURNEY ENERGY INC. REPORTS ON VOTING FROM THE 2023 ANNUAL SHAREHOLDERS MEETING

CALGARY, AB, May 24, 2023 /CNW/ - Journey Energy Inc. (TSX: JOY) (OTCQX: JRNGF)  ("Journey", or the "Company") announces the voting results from its Annual General Meeting (the "Meeting") held today pursuant to Section 11.3 of National Instrument 51-102 – Continuous Disclosure Obligations.  Journey is pleased to report that all resolutions were approved by the shareholders and the details of the voting results are contained below.

1.                  Fixing the Number of Directors to be elected at the meeting

On a vote by proxy, the number of directors of the Company to be elected at the Meeting was fixed at five members. The numbers in respect of the vote are based on the proxies received.

Votes For	% For	Votes Against	% Against
18,812,224	99.6	81,432	0.4

 
2.                  Election of Directors

On a vote by ballot, each of the following five nominees proposed by management was elected to serve as a director of the Company until the next annual meeting of shareholders, or until their successors are duly elected or appointed, subject to the provisions of the Business Corporations Act (Alberta) and the by-laws of the Company:

Nominees	Votes For	% For	Votes Withheld	% Withheld
Craig H. Hansen	18,882,527	99.94	11,135	0.06
Jenna M. Kaye	18,813,050	99.57	80,612	0.43
Thomas J. Mullane	18,882,811	99.94	10,851	0.06
Reginald S. Smith	18,882,800	99.94	10,862	0.06
Scott A. Treadwell	18,829,714	99.66	63,948	0.34
Alex G, Verge	18,883,059	99.94	10,603	0.06

 
3.                  Appointment of Auditor

On a vote by proxy, KPMG LLP, Chartered Professional Accountants, was appointed as auditors of the Company until the next annual meeting of shareholders, and the directors of the Company were authorized to fix their remuneration as such. The numbers in respect of the vote are based on the proxies received.   

Votes For	% For	Votes Withheld	% Withheld
18,969,737	99.55	86,609	0.45

 
4.                  Approval of Unallocated Share Options

On a vote by ballot, all unallocated options to acquire common shares of the Company pursuant to the amended and restated share option plan dated August 12, 2020 was approved. The number in respect of the vote is based on the ballots received.

Votes For	% For	Votes Against	% Against
15,489,609	81.98	3,404,053	18.02

5.                  Approval of Unallocated Share Awards

On a vote by ballot, all unallocated awards to acquire common shares of the Company pursuant to the Company's amended and restated restricted and performance award plan dated August 12, 2020 was approved. The number in respect of the vote is based on the ballots received.

Votes For	% For	Votes Against	% Against
15,500,870	82.04	3,392,792	17.96

No securities regulatory authority has either approved or disapproved of the contents of this press release.

SOURCE Journey Energy Inc.

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